Suppose a gardener produces both tomatoes and squash

Assignment Help Business Economics
Reference no: EM13772976

Suppose a gardener produces both tomatoes and squash in her garden. If the opportunity cost of one bushel of squash is 2/5 of a bushel of tomatoes, then the opportunity cost of 1 bushel of tomatoes is:

a. 2/5 bushel of squash

b. 5/2 bushel of squash

c. 2 bushels of squash   

d. 5 bushels of squash   

Reference no: EM13772976

Questions Cloud

Federal indebtedness is much higher than the net public debt : Read the case "Federal Indebtedness is Much Higher Than the Net Public Debt" on page 313 and discuss the following issue: How could the federal government try to reduce its entitlement indebtedness (the difference between entitlement program spending..
Explain how increase in taxes with economy growing slowly : During the third quarter of 1997, Japanese GDP was falling at an annual rate of over 11 percent. Many blamed the big increase in Japan's taxes in the spring of 1997, which was designed to balance the budget. Explain how an increase in taxes with the ..
Opportunity cost of producing sweater is socks : Both Dave and Caroline produce sweaters and socks. If Dave's opportunity cost of producing 1 sweater is 3 socks, and Caroline's opportunity cost of producing 1 sweater is 5 socks, then
Predict effects on equilibrium levels of aggregate output : For each of the following, predict the effects on the equilibrium levels of aggregate output (Y) and the interest rate (r). Be sure you make predictions for both Y and r! During 2000, the Federal Reserve was tightening monetary policy in an attempt t..
Suppose a gardener produces both tomatoes and squash : Suppose a gardener produces both tomatoes and squash in her garden. If the opportunity cost of one bushel of squash is 2/5 of a bushel of tomatoes, then the opportunity cost of 1 bushel of tomatoes is:
What is the future worth of savings account : Sally deposited $100 a month in her savings account for 24 months. For the next five years she made no deposits. What is the future worth in Sally's account at the end of seven years if the account earned 6% interest annually, compounded monthly?
Data characterize the hypothetical economy of trance : Assume that the following data characterize the hypothetical economy of Trance: money supply = $190 billion; quantity of money demanded for transactions = $160 billion; quantity of money demanded as an asset = $10 billion at 12 percent interest, incr..
Saving rate on capital per worker ad output per worker : How to use solow growth model to explain the long run effect of raising the saving rate on capital per worker ad output per worker. Start with an initial steady state and show the new steady state on the graph. Label the graph properly.
The market for lemons : One of the conclusions from Akerlof's paper titled "The Market for Lemons" was:

Reviews

Write a Review

Business Economics Questions & Answers

  Monopolist faces the demand curve

If income rises from 1000 to 1800 and consumption rises from 1100 to 1700 the marginal propensity to save.

  Product in perfectly competitive market

A firm sells its product in a perfectly competitive market where other firms charge a price of $80 per unit. The firm’s total costs are C(Q) = 50 + 12Q + 2Q2. How much output should the firm produce in the short run? What price should the firm charge..

  Elucidate the two factors that can cause the nation real gdp

Assume that the Keynesian short-run aggregate supply curve is applicable. Elucidate the two factors that can cause the nation's real GDP to increase in the long run.

  Person received counter conditioning to correct condition

Elucidate how did it manifest itself.  If the person received counter conditioning to correct the condition, Illustrate what were the results

  If labor productivity grew at the rate

If labor productivity grew at the rate of 1.4% per year Illustrate what would average hourly compensation be in the year.

  Relative profitability of the two potato chip segments

Discuss the manner in which an analyst would compare the relative profitability of the two potato chip segments.

  Prefer mangoes to cantaloupe then draw my highest

If my preferences are such to I am indifferent among apples also mangoes but I prefer mangoes to cantaloupe then draw my highest indifference curve.

  Monopolist manufacturer sells his products

Suppose a monopolist manufacturer sells his products through a monopolist retailer.  The marginal cost of production is  c  = 5.  Assume that retail demand is Q(p,s) = s(10-p)100, where s is retailer's level of effort to sell the product.  The cost..

  How would i plot a marginal product curve

How would I plot a marginal product curve, say, given the number of workers on the x-axis and and the number of a certain product produced on the y-axis.

  Associated with a smoother adjustment process

Intra-industry trade may be associated with a smoother adjustment process than inter-industry trade because

  Discuss use sources from the itt tech virtual library ad

Review the discussion in the lesson regarding the financial crisis. Discuss each of the following points. Use sources from the ITT Tech Virtual Library to add to your answer.

  Difference between normative and positive economics

Explain the difference between normative and positive economics. Determine which of these statements are normative and which are positive and explain why you place them in the normative or positive category.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd